World shares sink after inflation driven retreat on Wall Steet
Business

World shares sink after inflation driven retreat on Wall Steet

The sentiment in the market is highly negative as traders and investors are largely concerned about an economic downturn and soaring inflation, said an expert

After cement, Adani enters healthcare, sets up subsidiary Adani Health Ventures Ltd
Business

After cement, Adani enters healthcare, sets up subsidiary Adani Health Ventures Ltd

For its healthcare foray, the group reportedly has been in talks with big names in the sector and may invest up to $4 billion

LPG price hike: Cylinders to cost more than Rs 1,000 after latest increase in price
Business

LPG price hike: Cylinders to cost more than Rs 1,000 after latest increase in price

The price of domestic cooking gas was hiked by Rs 3.50 per cylinder, the second increase in rates this month

Gold price today: 10 grams of 24-carat trades at Rs 50,290; silver at Rs 61,000 per kilo
Business

Gold price today: 10 grams of 24-carat trades at Rs 50,290; silver at Rs 61,000 per kilo

According to MCX, gold futures fell 0.08 per cent to Rs 50,180.00 and silver futures declined 0.19 per cent to reach Rs 60,661.00

Elon Musk calls S&P 500 ESG Index 'a scam' after Tesla gets kicked off list
World

Elon Musk calls S&P 500 ESG Index 'a scam' after Tesla gets kicked off list

In a series of tweets, Tesla CEO Elon Musk expressed his displeasure and said political attacks on him would escalate in coming months

IndiGo names Pieter Elbers as CEO, Ronojoy Dutta to retire on 30 September
Business

IndiGo names Pieter Elbers as CEO, Ronojoy Dutta to retire on 30 September

71-year-old Dutta, who came to help the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent COVID period, IndiGo said in a statement

Market Roundup: Sensex falls 109 points, Nifty ends at 16,240; check top winners and losers
Business

Market Roundup: Sensex falls 109 points, Nifty ends at 16,240; check top winners and losers

Both BSE Sensex and NSE Nifty encountered minor losses. With the exception of fast moving consumer goods (FMCG), pharma and healthcare index, all sectors ended in red

Rupee falls 16 paise to record low of 77.60 against USD
Business

Rupee falls 16 paise to record low of 77.60 against USD

At interbank foreign exchange market, rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell

Cabinet empowers Board of Directors of the holding, parent PSEs to allow disinvestment
Business

Cabinet empowers Board of Directors of the holding, parent PSEs to allow disinvestment

The aim is to expedite the decision-making process and cut wasteful expenditure by the PSEs

Gold price today: 10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram   
Business

Gold price today: 10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

While gold rose by Rs 10 from yesterday's value, silver declined by over Rs 300. The price of the much-in-demand metal varies every day due to factors such as excise duty, making charges and state taxes

How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out
Business

How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

Under the new guidelines, donors will be eligible for the tax benefit only if the NGO or charity they have donated to has filed Form 10BD before the stipulated deadline. It is to be noted that the benefits can only be availed by people falling under the old tax regime.

EPFO cautions account holders against these mistakes; check what you can do to avoid big loss
Business

EPFO cautions account holders against these mistakes; check what you can do to avoid big loss

There are several ways in which fraudsters can steal your hard-earned money. Never share your PF account details over the phone or social media to avoid falling prey to online fraud

Market Roundup: Sensex zooms 1,344 points, Nifty up by 2.6%; all indices end in green
Business

Market Roundup: Sensex zooms 1,344 points, Nifty up by 2.6%; all indices end in green

The domestic equity benchmark BSE Sensex gained by 1344 points to end at 54,318 and the NSE Nifty 50 settled 2.63 percent higher at 16,259

RBI rejects 6 applications for setting up banks
Business

RBI rejects 6 applications for setting up banks

The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines

Good news for govt employees! Centre may hike DA in July-August
Business

Good news for govt employees! Centre may hike DA in July-August

Reports suggest that the government may announce a 4 percent hike in DA. Central government employees are also hopeful of an increase in Travel Allowance (TA) and Home Rent Allowance (HRA).

LIC sees muted debut in stock market, lists at over 8% discount
Business

LIC sees muted debut in stock market, lists at over 8% discount

LIC shares listed at a discount even as the benchmark BSE Sensex opened with gains later soared over 2 per cent

Elon Musk says 'cannot move forward' with $44 billion deal until Twitter CEO Parag Agrawal clarifies numbers on spam accounts
World

Elon Musk says 'cannot move forward' with $44 billion deal until Twitter CEO Parag Agrawal clarifies numbers on spam accounts

The multi-billionaire said there are 20 per cent fake/spam accounts, four times what Twitter claims. He said his offer was based on Twitter's SEC filings being accurate

WPI inflation at record high of 15.08% in April on rising prices across all items
Business

WPI inflation at record high of 15.08% in April on rising prices across all items

The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year

West Bengal to set up Centre for Fiscal Policy and Public Finance; will hire staff soon
Business

West Bengal to set up Centre for Fiscal Policy and Public Finance; will hire staff soon

The centre will conduct research and studies for better resource mobilisation, public expenditure rationalisation and enhancement of efficiency in public expenditure and debt management

How a sustainable, destination-oriented tourism may do wonders for India
Business

How a sustainable, destination-oriented tourism may do wonders for India

It is important to establish appropriate guidelines and regulations in accordance with national priorities for promoting and supporting sustainable tourism